<p>What if I want to work in Los Angeles? I know there is a Goldman Sachs there, but is the pay/environment the same? I mean, of course, I'm not on Wall Street, but are there analyst positions and whatnot? Will these firms be filled with Stanford and USC students?</p>
<p>LA is definitely a good place for banking and has some pretty solid offices UBS, CS, GS, Moelis, HLHZ, etc. They do tend to be more concentrated with USC, UCLA, Stanford, etc. (west coast schools) but that said we had a bunch of Wharton students go work there. </p>
<p>The atmosphere is a bit more relaxed than NYC, although certain LA offices are known for being some of the more intense ones (like Moelis, UBS, CS). Comp is also similar to NYC.</p>
<p>Thanks. Do you think they would know about Duke? I mean I am from Cali and many people have not heard of Duke. I’m sure this is because I was from a generally low-income community…</p>
<p>Yes. Duke has a good name.</p>
<p>Target schools are target schools and people who need to know about them will know about them - simply because people outside of the industry on the street don’t know about Duke or Dartmouth, doesn’t mean they won’t be heavily recruited by the banks and bankers. </p>
<p>Pay and bonuses are standard among BBs - meaning whether you work at BB1 as an analyst in NY or LA, your pay will be the same and your bonus will be standard based on ranking (3, 4, etc). In terms of boutiques and other smaller shops, the pay might be the same, it might be slightly less, but this is both in NY and elsewhere. </p>
<p>IBanker</p>
<p>IBanks in the West Coast are dominated by people from Stanford and Berkeley, not USC. USC is a good school, but it is not as much a target school for IB than Stanford and Berkeley are. Goldman invited 46 folks from Berkeley just last year alone, and only 5 of those folks are in WS, 4 off shore and all the rest are in the West Coast - LA, SF, Menlo, etc. Again, that’s just Goldman.</p>
<p>If you want to be an IBier in LA, going to Ivies (Harvard, Penn, Columbia, Dartmouth, Yale, Princeton) and other top privates (MIT, Northwestern, Ross, Stern) is better than going to USC. Of course, going to Stanford would be the best route for such position. Then Berkeley, Caltech, the top Claremont Colleges and UCLA.</p>
<p>LA: Stanford>Berkeley>UCLA=USC Marshall=Top Claremont Colleges. Don’t think there are too many from Caltech that do IB. </p>
<p>Ivey from Western Ontario is well-represented too (best business school in Canada) as they have a lot of alums high up in CS & UBS and now Moelis, which came about from Ken Moelis, et al’s departed from UBS. </p>
<p>Outside of Stanford, you have to major in econ (I think berkeley econ is good enough even with Haas) or be in the business school at the respective schools.</p>
<p>If you want to do banking in the west coast, norcal is much strong than LA. The top three tech groups (GS, CS, and MS Menlo) are all based in that area (rather than NYC). Healthcare is big too</p>
<p>I’m not sure any of the BB have an LA office with really strong deal flow. UBS LA is total crap nowadays.</p>
<p>Moelis is a sweatshop and Houlihan is decent, but they’re both boutiques</p>
<p>Is anyone familiar with IB in Chicago?</p>